CPP has produced chassis and body panels for Spyker since 2000. Vehicle production of the C8 Aileron and all future Spyker models will be carried out at a new dedicated facility in Coventry.
'There was a split focus between Saab and Spyker cars, but now the management can really focus on the operation of Saab,' said a Spyker spokesman.
'It also reduces the company's debt and interest payments, so going forward the company is in a better financial position.'
Spyker Cars NV will change its name on May 19.